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June 11, 2013

EXCLUSIVE Brazil's place in the map of investment
The need for a new approach to trade and investment


Brazil's economy is at a crossroads. The country´s recurrent pattern of trying to boost growth in the past decade by favoring consumption over investment has run out of steam. This article by Marcos Troyjo, director of Columbia's University BRIClabs, analyzes the country's strategies and plans to help keep it on the global trade and investment map, Latin Business Chronicle reports.



Latin perishables trade could boost with extended PortMiami hours
Mayor of Miami: "New hours will allow PortMiami to remain competitive in today's marketplace"

The United States Department of Agriculture has announced new extended hours of operations at PortMiami. The new hours are scheduled to begin on June 16th. "As the Perishables Gateway to the Americas, PortMiami needs to ensure the quick and efficient flow of time sensitive goods", said PortMiami Director Bill Johnson, The Shipping Tribune reports.




Mexico's telecoms law comes into effect
Legislation aims to increase foreign investment

Mexico's new telecommunications law has come into effect, capping President Enrique Pena Nieto's bid to end monopolies in an industry worth more than $32 billion a year. Currently billionaire Carlos Slim's (left) cellular phone service, Telcel, controls 70 percent of Mexico's cellular phone market, The Herald Sun reports.




Paraguay's exports grow 40 percent in first four months of 2013
Raw agricultural and beef products are among top performers

Paraguay's exports have grown 40 percent from January to April this year, generating over $3.1 billion. This performance shows once again that Asuncion's political membership suspension from the Mercosur regional trading block has not caused any major consequences to its well established course and objectives in international trade, Eurasia Review reports.




Canada's Kinross cancels Ecuador gold project after failed talks
CEO: "Sometimes the best deal is the one that you don't sign; that seems to be the case here."

Canadian mining company Kinross Gold said on Monday it is halting development at its Fruta del Norte gold project in Ecuador, after failing to reach an agreement with the government over a windfall tax on revenues. But the move is a blow to Ecuador, where the government is drafting a new mining law meant to encourage investment, Reuters reports.











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